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Commercial Property in St. Marys
About 196-198 Queen Street East
Located in a prime high-visibility location in the heart of downtown St. Marys, this fully tenanted 7,000+ sq. ft. mixed-use commercial building offers a strong investment opportunity with multiple income streams already in place. With excellent exposure and a central downtown presence, the property is well positioned for long-term growth and stability. The main level features a spacious commercial unit complete with separate utilities, two bathrooms, and a lunchroom/office area. The upper level includes four two-bedroom, one-bathroom apartments, with two recently renovated, adding to the property's overall appeal. At the rear lower level, a large heated garage with bathroom facilities, generating additional commercial income. Common areas have been recently updated and well maintained, showcasing pride of ownership throughout. A turnkey investment opportunity offering strong visibility, a fully occupied tenant mix, and dependable income in a thriving downtown community. Financial information available upon request.
St. Marys retail priced at $1,149,000 — book a tour to see if it fits your search.
Inside 196-198 Queen St E
Every detail from the listing, in one place.
Type
Retail
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Commercial Retail
196-198 Queen St E Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Keep looking near 196-198 Queen St E
Homes for sale in St. Marys
Every active St. Marys MLS® listing, updated all day.
Average days on market72Homes sold in about 72 days on average.
Sale-to-list ratio97.4%On average, homes sold below asking.
Active listings65Homes for sale here right now.
Median vs prior 90 days−3.4%Compared with May 6 – Aug 4, 2026: prices down.
Based on 36 sales from Aug 4 – Nov 2, 2026 (40 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 196-198 Queen St E
How much is 196-198 Queen St E listed for?
196-198 Queen St E is listed at $1,149,000 (MLS® X13161272). Summitly updates the price as soon as the MLS® record changes.
Has the price of 196-198 Queen St E changed?
Yes — it was first listed at $1,210,000 and is now $1,149,000, a drop of $61,000 (5.0%).
How many bedrooms and bathrooms does 196-198 Queen St E have?
The listing for 196-198 Queen St E doesn't publish its bedroom and bathroom count. It is a commercial property in St. Marys.
How does 196-198 Queen St E compare with other homes in St. Marys?
Its asking price of $1,149,000 is about 111% above the median sold price in St. Marys over the last 90 days, $545,500, across 36 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 196-198 Queen St E been sold before?
Yes — Summitly has 1 earlier MLS® listing of 196-198 Queen St E on record. Their prices and dates are shown to signed-in members under TRREB rules: sign in free to see them in the Listing history above.
Where is 196-198 Queen St E?
196-198 Queen St E is in St. Marys, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 196-198 Queen St E been on the market?
164 days — 196-198 Queen St E was listed on May 22, 2026.
What is the land transfer tax on 196-198 Queen St E?
About $19,455 in Ontario land transfer tax at the asking price of $1,149,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 196-198 Queen St E or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 196-198 Queen St E?
The listing for 196-198 Queen St E doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for St. Marys.
When was 196-198 Queen St E built?
The listing for 196-198 Queen St E doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
